Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VAREX from Zandhoven, company number BE0831168452, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year VAREX recorded a gross margin of € 126,173 and equity of € -718,744. Compared with financial year 2024, the result moved from € 55,225 to € -1.2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ -718,744
▼ € 1.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ still € 55,225 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
People and assets in 2025
€ 3,238
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.8 million
▲ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 44,043
▲ € 33,831 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 69,115
▲ 62% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 161,614 | € 147,212 | € 151,797 | € 126,173 | ▼ 17% |
| Profit after taxes | € -24,665 | € 278,249 | € 55,225 | € -1,153,246 | ▼ € 1.2 million |
| Equity | € -1,154,841 | € 379,278 | € 434,503 | € -718,744 | ▼ € 1.2 million |
| Total debts | € 2,448,311 | € 2,121,175 | € 1,970,536 | € 2,146,846 | ▲ 9% |
| Land & buildings | € 262,198 | € 1,487,000 | € 1,455,932 | € 1,424,864 | ▼ 2% |
| Retained profit | € -1,178,841 | € -900,592 | € -845,367 | € -1,998,614 | ▼ € 1.2 million |
| Bank debt | € 1,864,167 | € 1,815,839 | € 1,595,840 | € 1,802,357 | ▲ 13% |
| Balance sheet total | € 1,293,469 | € 2,500,453 | € 2,405,038 | € 1,428,102 | ▼ 41% |
Key figures of VAREX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to VAREX?
What happened at VAREX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.2 million (▼ € 1.2 million vs 2024). filed late Source: NBB ↗
- MARC Muijres became a director. NBB
- New establishment in Zandhoven. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,665 loss in 2022 to € 1.2 million loss in 2025.
Best year ever: 2023, with € 278,249 profit.
A new publication or filing at VAREX? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of L'HERMITAGE, BBI INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VAREXBehind VAREX is MARC Muijres. The shares are held by L'HERMITAGE (17.5%) and BBI INVEST (17.5%).
Directors
According to the 2025 annual accounts
since 2010
Shareholders
17.5%
17.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vaartstraat 13
2240 Zandhoven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0831.168.452
- VAT number
- BE 0831.168.452
- Registered office
- Vaartstraat 13, 2240 Zandhoven
- Names & denominations
- VAREX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 2010
- Peppol
- Active · Active since 4 Feb 2026
- Contact
- eurobeton.be
- Activities · NACE
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